by Quinns_News | Jul 18, 2018 | Blog
Providing for a vulnerable beneficiary under your Will can be difficult and requires careful consideration. What is a vulnerable beneficiary? There is no legislative definition for a vulnerable beneficiary. Examples of a vulnerable beneficiary would include: a...
by Quinns_News | Jul 18, 2018 | Blog
Legislation was introduced into parliament proposing to relax the loss recoupment rules by introducing a more flexible Similar Business Test from 2017. Businesses that have changed ownership and fail the Continuity of Ownership Test (COT) can now access past year tax...
by Quinns_News | Jul 11, 2018 | Blog
With tax cuts grabbing most of the attention in the May 2018 Budget, some quiet tweaks to superannuation and retirement income were drowned out in all the noise. But these small changes could have a big effect on the amount of money that ends up in your nest egg when...
by Quinns_News | Jul 11, 2018 | Blog
A prenuptial agreement is just one of many types of ‘financial agreements’ (or ‘binding financial agreements) couples may enter either before, during or after their relationship. Financial agreements typically set out the way property or financial resources, including...
by Quinns_News | Jul 11, 2018 | Blog
Single Touch Payroll (STP) is an initiative being introduced by the Australian Tax Office (ATO) to provide real time visibility over the accuracy and timeliness of organisations’ payroll processes. STP proposes to streamline the administration of employee payroll, tax...
by Quinns_News | Jul 4, 2018 | Blog
When selling your home, you can generally claim the main residence exemption for the dwelling you live in. If you have purchased the adjoining block of land some time later after the time of acquisition of the residence to build a swimming pool or create a beautiful...
by Quinns_News | Jul 4, 2018 | Blog
At its simplest, a deed is a promise that is not supported by consideration (payment). This means that to be valid, deeds must comply with much more specific requirements than contracts. You cannot simply infer the parties’ intentions to bound as you may be able to...
by Quinns_News | Jun 27, 2018 | Blog
An executed Will only describes the Will maker’s wishes at a particular point in time. As such, we recommend that you regularly review your Will to ensure that it accurately reflects your current wishes. This is particularly important if your circumstances change....
by Quinns_News | Jun 20, 2018 | Blog
The Australian Taxation Office (ATO) will be introducing new measures to target non compliance of Superannuation Guarantee (SG) from 1 July 2018. The ATO will improve processes for recovering unpaid SG by strengthening the use of director penalties by restricting the...
by Quinns_News | Jun 20, 2018 | Blog
The Government hopes to reunite more people with their lost super by requiring super funds to transfer inactive accounts (where contributions have not been received for 13 months) with a balance below $6,000 to the Australian Taxation Office (ATO). The ATO will...
